Duplex with One-Car
New
For Sale
$289,900
157 Clark Street, Canandaigua, NY 14424
Two separate utility systems support flexible occupancy, with updated finishes in the lower apartment.
Property Size2,073 SF
Days on Market5
Property Features for 157 Clark Street
General Information
Standard status
Active
Size
2,073 SF
Property subtype
Multi Family
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,582
Building Details
Building Size
2,073 SF
Year Built
1880
Listing Agency:
The Spurling Group Real Estate LLC
Listed By:
Brittney N. Spurling · License #10491212810
(585) 944-4783
Source:
Highfallssir
Added: Sep 16
Changed: Sep 18
Last Checked: Sep 20 at 9:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Spurling Group Real Estate LLC
Investment Insights
Based on property information with market context.
Built in 1880, this two-unit property offers distinct living spaces with separate entrances and utilities. The lower apartment includes two bedrooms, one full bathroom, a spacious kitchen, dining and living rooms, plus a laundry room; recent improvements include new flooring and fresh paint. The upper apartment also has two bedrooms and one full bathroom, along with an office or playroom, kitchen, and living room. A rear stairway with Trex decking provides access to the second-floor residence.
The property includes a one-car garage, off-street parking, landscaped grounds, and additional yard area. Situated at 157 Clark St in Canandaigua, the home is on a quiet city street within walking distance of downtown, restaurants, shopping, parks, and Canandaigua Lake. The property is currently tenant occupied.
The property includes a one-car garage, off-street parking, landscaped grounds, and additional yard area. Situated at 157 Clark St in Canandaigua, the home is on a quiet city street within walking distance of downtown, restaurants, shopping, parks, and Canandaigua Lake. The property is currently tenant occupied.
Key Highlights
- Two‑unit duplex at 157 Clark St, Canandaigua, NY 14424
- Both apartments offer 2 bedrooms and 1 full bath
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,548
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$530,960
$531.0K
Cap Rate 7%
$379,257
$379.3K
Cap Rate 9%
$294,978
$295.0K
Market Conditions
NOI Build-Up for 2,073 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$41.0K $19.80/SF
− Vacancy
−$3.1K −$1.50/SF
EGI
$37.9K $18.30/SF
− OpEx
−$11.4K −$5.49/SF
NOI
$26.5K $12.81/SF
Area
Ontario County, NY
Vacancy
7.60%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$530,960
Cap Rate 7%
$379,257
Cap Rate 9%
$294,978
Alternative Uses
Best Use
Multifamily LT 5
$379.3K
$331.9K – $442.5K
NOI $26,548 @ 7.0% cap · market cap 9.16%
Second Best
Apartment 5plus
$338.1K
$295.8K – $394.4K
NOI $23,664 @ 7.0% cap · market cap 8.16%
Theoretical Best
Office A
$620.5K
$542.9K – $723.9K
NOI $43,433 @ 7.0% cap · market cap 14.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,327
Businesses Nearby
Explore this area
Business Placement
Demographics for 14424, NY
28,353
Population
14,482
Households
2
Avg Household Size
48
Median Age
41%
College-Educated
94%
High-School Grad
129.5 sq mi
ZIP Area
219
Density / Sq Mi
$79,135
Median Household Income
$45,885
Median Earnings
$1,228
Median Rent
$250,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate utility systems support flexible occupancy, with updated finishes in the lower apartment.
Where is this duplex located?
The property is located at 157 Clark Street Canandaigua, NY.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Two‑unit duplex at 157 Clark St, Canandaigua, NY 14424; Both apartments offer 2 bedrooms and 1 full bath; Separate utilities for each unit
